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, their first conversation a week and since republicans offered $800 billion in new tax revenue and more than a trillion dollars in spending cuts, republicans say they're still waiting on a counter offer from the white house. lori: i wonder if they're talking football. >> it got messy. melissa: the house may be sending the members home t for e president seems to think if they got down to business, it is an easy fix. melissa: we can probably solve this in about a week. melissa: piece of cake. he thinks it is too late to get anything done before the end of the year as both sides are too far apart on key issues. joining us now, financial economist at jefferies. we think it is too late, we're going over the cliff. how come? >> not enough time to address all the issues that need to be addressed. especially they will talk o on a phone only once per week. it has been some progress on the tax cut side in terms of tax reform that could raise a type of revenue that we are going to need, but as far as i can see, there has been no meaningful discussion at all on the spending side and as many america
, their first conversation a week and since republicans offered $800 billion in new tax revenue and more than a trillion dollars in spending cuts, republicans say they're still waiting on a counter offer from the white house. lori: i wonder if they're talking football. >> it got messy. melissa: the house may be sending the members home t for e president seems to think if they got down to business, it is an easy fix. melissa: we can probably solve this in about a week. melissa: piece of...
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. >> president obama said look, if republicans agree to my tax plan, we can get this deal done in a week.3 john boehner is waiting on the president, he says he's read hey to meet with the president at any time. we asked the president obama plan on calling the speaker or inviting the speaker to the white house and we haven't gotten a response. what is dumbing this all up is the tax rate increase. >> were not insisting on rates out of spite for any kind of partisan victory. but rather because we need to raise a certain amount of revenue. >> an obsession to raise taxes is not going to solve the problem. what will solve the problem is doing something about the entitlements, taking on wasteful spending in washington. speak up for the fiscal cliff is part of the half trillion dollars in cuts to the pentagon. the defense has been saying we will not plan for sequestration's because they don't want to be cautious because it is like a gun to the head. they're now looking into planning for this because we are getting pretty late, and that may become a reality. back to you. melissa: rich edson, than
. >> president obama said look, if republicans agree to my tax plan, we can get this deal done in a week.3 john boehner is waiting on the president, he says he's read hey to meet with the president at any time. we asked the president obama plan on calling the speaker or inviting the speaker to the white house and we haven't gotten a response. what is dumbing this all up is the tax rate increase. >> were not insisting on rates out of spite for any kind of partisan victory. but rather...
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four weeks following barack obama's reelection nearly one million americans have moved forward by campaigning to break apart all fifty states have filed online petitions with the white house requesting to peacefully secede from this so-called perfecting union a movement that's garnered more than thirty thousand signatures in north carolina where many like michael toggled. see independence as a symbol may twentieth a consistent one as the day that north carolina sated from the union and america's stars and stripes ripping at the seams there's no doubt in my mind that it is inevitable i mean something like this with the debt this country has rolling disunion among in the us among the people they can't last forever and that's the lesson of history big empires always collapse under their own weight secession supporters like bernard for some say washington's weight of growing debt and loose wars government intrusion and a broken immigration system has become a bipartisan destructive force is beyond reform you can't reform that federal government whether it's the republicans in charge or obama basi
four weeks following barack obama's reelection nearly one million americans have moved forward by campaigning to break apart all fifty states have filed online petitions with the white house requesting to peacefully secede from this so-called perfecting union a movement that's garnered more than thirty thousand signatures in north carolina where many like michael toggled. see independence as a symbol may twentieth a consistent one as the day that north carolina sated from the union and...
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Dec 8, 2012
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this week, the national and capitol christmas trees were lit in washington, d.c. president obama and the first family participated in the 90th annual national christmas tree lighting ceremony. the tradition of the national christmas tree started in 1923 with calvin coolidge. house speaker john boehner joins the lighting of the capitol christmas tree. this year's tree is from the colorado white river national forest. watch both ceremonies tonight at 8:00 p.m. eastern here on c- span. >> we have had these explosions of knowledge in medicine, but we have not coordinated care, and all the services that we had end up having so many cracks that the cracks are as harmful as the diseases that we are treating, and you have got to step back and ask, you know, "are we hurting people overall on a global level? what are we doing sometimes?" now we have these reports saying 30% of everything we do may not be necessary in health care. when we step back, 30% of the medications we prescribe, the tests we order, the procedures -- this is something, i think, which is for the first t
this week, the national and capitol christmas trees were lit in washington, d.c. president obama and the first family participated in the 90th annual national christmas tree lighting ceremony. the tradition of the national christmas tree started in 1923 with calvin coolidge. house speaker john boehner joins the lighting of the capitol christmas tree. this year's tree is from the colorado white river national forest. watch both ceremonies tonight at 8:00 p.m. eastern here on c- span. >> we...
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Dec 10, 2012
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president obama meeting with the house speaker boehner in a closed door session over the weekend. yesterday in fact. trying to hammer out a deal. we hope you watch the redskins win over the ravens there in the last minute. president set to speak later at an auto plant in michigan about his planes it raise taxes on the rich. our chief political correspondent live at the white house with the latest. hi, john. >> hi, tyler. it is glammy and overcast in washington today but everybody is looking for bright signs about the fiscal cliff. we have a bright side yesterday when john boehner came here to the white house. house speaker to talk to president obama. first individual one on one meeting since the election and that meeting and some other signals that have been sent publicly by both parties have caused some noted skeptics of us getting a fiscal cliff deal. >> i think the atmospherics are getting so much better. we've gotten out after ka bookie theater and gone to dancing the tango with those two guys. any time you start to tango, you have a chance. >> chances of getting it done now a
president obama meeting with the house speaker boehner in a closed door session over the weekend. yesterday in fact. trying to hammer out a deal. we hope you watch the redskins win over the ravens there in the last minute. president set to speak later at an auto plant in michigan about his planes it raise taxes on the rich. our chief political correspondent live at the white house with the latest. hi, john. >> hi, tyler. it is glammy and overcast in washington today but everybody is...
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Dec 7, 2012
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the world, this week, certainly growing concern about syria's potential use of chemical weapons. can we ask you your view on this. how concerned are you? how imminent are your concerns? and should assad believe that his weapons are sheltered and safe from potential -- a potential response in a potential military action by anyone? >> well, without commenting on the specific intelligence that we have with regards to the chemical weapons, there is no question that we remain very concerned, very concerned that as the ouch suggestion advances in particular damascus and the regime, we very well consider the use of chemical well -- weapons. the whole world is watching. the world is watching very closely. and the president of the united states has made very clear that there will be cops consequenceses -- consequences there will be consequences if the assad regime makes a terrible mistake by using these chemical weapons. i'm not going speculate, comment on what the potential consequences would be. i think it's fair enough to say that there are use of the -- [inaudible] the intelligence th
the world, this week, certainly growing concern about syria's potential use of chemical weapons. can we ask you your view on this. how concerned are you? how imminent are your concerns? and should assad believe that his weapons are sheltered and safe from potential -- a potential response in a potential military action by anyone? >> well, without commenting on the specific intelligence that we have with regards to the chemical weapons, there is no question that we remain very concerned,...
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their firps one on one in weeks. is that why republicans are saying they would swallow higher taxes for the right deal on spending cuts? we'll talk to tom cole who is making that case in just a few minutes. >>> bmw and mercedes are looking for the best selling luxury brand in the united states. wait until you hear what your money can get you these days. you're watching cnbc. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is q rea this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> is the u.s. consumer in trouble? the front page on this morning's "wall street journal" says yes. but are holiday sales and shipping proving otherwise? courtney reagan is on top of that story. >> to
their firps one on one in weeks. is that why republicans are saying they would swallow higher taxes for the right deal on spending cuts? we'll talk to tom cole who is making that case in just a few minutes. >>> bmw and mercedes are looking for the best selling luxury brand in the united states. wait until you hear what your money can get you these days. you're watching cnbc. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always...
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Dec 6, 2012
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president obama goes before business leaders and says "we could get this done in a week" when it comes to the fiscal cliff. but tim geithner just told cnbc that we're going to go over the cliff unless tax rates go up. at the same time, two dozen republican house members signed a bipartisan letter with democrats defecting from the boehner plan. in the meantime, a nice game for the day for the dow, but a stunning selloff for apple. do you know what? fiscal cliff or not, the s&p 500 is up 12% year to date. that is a handsome gain for investors, an optimistic year, believe it or not. and we already bailed out detroit's auto industry. but now, at least one motown politician is telling president obama he should bail out detroit bankrupt city government, too. this sure isn't the free market, and i asked why should a texas taxpayer bail out detroit? >>> breaking news from syria, and it is a blockbuster. the assad regime is walking and loading its chemical weapons, ready to use them on its own people. nbc's chief pentagon correspondent joins us now. jim, is this the red line president obama was
president obama goes before business leaders and says "we could get this done in a week" when it comes to the fiscal cliff. but tim geithner just told cnbc that we're going to go over the cliff unless tax rates go up. at the same time, two dozen republican house members signed a bipartisan letter with democrats defecting from the boehner plan. in the meantime, a nice game for the day for the dow, but a stunning selloff for apple. do you know what? fiscal cliff or not, the s&p 500...
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Dec 3, 2012
12/12
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past week or two, sticking to the liberal line, frustrating the republicans clearly. this is a strategy his base might like but i'm wondering will it make him a better deal maker? >> it just may mean that republicans ultimately give him close to what he wants on raising tax rates on the top 2%. president obama has been very clear, he was all the way through the campaign that he would not give in on that. so that's i think what's important now. republicans don't like a lot of what was in the white house's opening offer. they dictate the $50 billion stimulus that was in the offer as a slap in the face. some of these little things we'll see taken out of file deal. >> to that point here's john boehner talking about when he saw that opening offer. >> i was flabbergasted. i looked at him and said you can't be serious. i just never seen anything like it. you know, we got seven weeks between election day and the end the year. and three of those weeks have been wasted with this nonsense. >> okay. >> it's clear he's not pleased from his ha. is the president in danger of going t
past week or two, sticking to the liberal line, frustrating the republicans clearly. this is a strategy his base might like but i'm wondering will it make him a better deal maker? >> it just may mean that republicans ultimately give him close to what he wants on raising tax rates on the top 2%. president obama has been very clear, he was all the way through the campaign that he would not give in on that. so that's i think what's important now. republicans don't like a lot of what was in...
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meeting face-to-face, president obama and house speaker john boehner sit down for a one-on-one with weeks to go before the u.s. heads over the fiscal cliff. >>> political turmoil in italy hitting european equities. italian banks suffer. and china's weak export figures are weighing on sentiment. tun expected drop signals continued pressure from abroad. >> you're watching "worldwide exchange," bringing you business news from around the global. >> all right. if you're just tuning in, thanks for joining us this morning. let's take a look at how markets are faring as we get closer to the u.s. open. we saw a strong day on friday. the market is expected to give back some of those gains. it follows a session that's been broadly weaker across europe. take a look at the markets now. as you can see, we are led lower largely by the ftse mib in italy which at one point because was down 2.5%. there are concerns about renewed political turmoil in italy. in the u.s., as mentioned, there was good and bad news in friday's u.s. jobs reports. nonfarm payrolls roads by 136,000 as the hit from hurricane sandy
meeting face-to-face, president obama and house speaker john boehner sit down for a one-on-one with weeks to go before the u.s. heads over the fiscal cliff. >>> political turmoil in italy hitting european equities. italian banks suffer. and china's weak export figures are weighing on sentiment. tun expected drop signals continued pressure from abroad. >> you're watching "worldwide exchange," bringing you business news from around the global. >> all right. if...
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Dec 10, 2012
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meanwhile, president obama will visit a chrysler plant just outside detroit today. remember, a city council woman last week said the city deserves a federal bailout because the city helped reelect the president. >> after the election of jimmy carter, the honorable coleman alexander young, he went to washington d.c., and came back home with some bacon. stuart: well, you heard the rest from there. the lady goes on to say it's a quid pro quo give us the monny because we voted for you. the question, will the president offer any hint of a bailout, bailout help for deeroit today. will he address union anger at michigan's right to work legislation? this goes to the heart of government spending and the position of organized labor in president obama's second term. we're right there in michigan. let's go to facebook. weigh in on what's happening there. will detroit get a bailout and what do you think about the unions? will they win? good questions all. now, one of the worst blowouts in nfl history. seattle seahawks beat arizona cardinals 58-0. the cardinals threw four interce
meanwhile, president obama will visit a chrysler plant just outside detroit today. remember, a city council woman last week said the city deserves a federal bailout because the city helped reelect the president. >> after the election of jimmy carter, the honorable coleman alexander young, he went to washington d.c., and came back home with some bacon. stuart: well, you heard the rest from there. the lady goes on to say it's a quid pro quo give us the monny because we voted for you. the...
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Dec 9, 2012
12/12
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last week, president obama's offer to avoid the fiscal cliff was laughed at by republicans. this week, the gop countererred. extend the bush tax cuts to everyone, including the rich. revenue, cost savings, cutting, whatever you want to call it from vague areas such as closing, special interest loopholes and deductions, savings from health care and cuts in discretionary spending. other than that, no specifics. president obama wasn't feeling it. he said the gop must agree to one thing to get anywhere close do a deal. >>. >> wee going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> speaker boehner fired back. >> this week, we made a good faith offer to avert the fiscal crisis. now, we need a response from the white house. we can't sit here and negotiate with ourselves. >> so, here we are, just over three weeks from going over the fiscal cliff. you're probably getting a lot of stuff around the house this weekend wondering what the heck is going on in these houses in washington. this is the worst of american politics. they
last week, president obama's offer to avoid the fiscal cliff was laughed at by republicans. this week, the gop countererred. extend the bush tax cuts to everyone, including the rich. revenue, cost savings, cutting, whatever you want to call it from vague areas such as closing, special interest loopholes and deductions, savings from health care and cuts in discretionary spending. other than that, no specifics. president obama wasn't feeling it. he said the gop must agree to one thing to get...
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Dec 10, 2012
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president obama changing his tone a little bit mentioning compromise. peter barnes in washington with the latest. they were saying we believe actions, we have heard so much chatter, we can't really bet on that. >> right now we're just hearing chatter. the president speaks to senate democratic leader harry reid, we have learned. meeting yesterday at the white house with a speaker banner an in a speech in detroia couple of hours go the president extended little olive branch to the republicans. >> i have said i would work with republicans on a plan for economic growth, job creation and reducing our deficits. and some compromise between democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> i spoke to an aide to one top republican leader who was a little bit upset by the comment the president would be willing to compromise a little bit. the white house did not disclose any details of the meeting with the president and the speaker yesterday only confirmed that communications remain open. tim j
president obama changing his tone a little bit mentioning compromise. peter barnes in washington with the latest. they were saying we believe actions, we have heard so much chatter, we can't really bet on that. >> right now we're just hearing chatter. the president speaks to senate democratic leader harry reid, we have learned. meeting yesterday at the white house with a speaker banner an in a speech in detroia couple of hours go the president extended little olive branch to the...
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Dec 8, 2012
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. >> this week, the national and capitol christmas trees were lit in washington, d.c. president obama and the first family participated in the 90th annual christmas tree lighting ceremony. the tradition of a national christmas tree started in 1923 with president coolidge. house speaker john boehner joins the lighting of the capitol christmas tree. this year's tree is from the colorado's white river national forest. watch both of these ceremonies tonight 8:00 p.m. eastern here on c-span. we ourselves are not completely tied to print on the page sense of writing. but i think that there's no tha other art form so readily available other than perhaps -- inaudible just captures the human spirit. >> this weekend join book tv american history tv and c-span's local content vehicles as we look behind the scenes at the history and literary life of new york's capital city albany. today at noon eastern on book tv on c-span and sunday at 5:00 p.m. on american history tv on c-span 3. >> next government officials and policy researchers testify about the political instability in malli
. >> this week, the national and capitol christmas trees were lit in washington, d.c. president obama and the first family participated in the 90th annual christmas tree lighting ceremony. the tradition of a national christmas tree started in 1923 with president coolidge. house speaker john boehner joins the lighting of the capitol christmas tree. this year's tree is from the colorado's white river national forest. watch both of these ceremonies tonight 8:00 p.m. eastern here on c-span....
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soon move in boehner's direction, after another week or so of brinksmanship, we will see obama say, hey, look, i'm coming forward with entitlement cuts that i'm willing to propose publicly. chris: i got to check this. would you confirm that? you know these people. >> all of the components of the deal are there. when people ask me why did conditioning leave town? because the people who matter in the deal stayed in town. all the various members of congress could go home, it gets them out of the way and deal talking can go on. the brinksmanship is political theater and necessary in the process. chris: both pretend they're willing to go over? >> to both show resistance and then incrementally get towards -- chris: you covered the greek situation and watched the hell that went on over there. give me a picture of that and where we're headed if we don't deal in the short run with the debt problem and the cliff and later on, what do we face in this country? >> greece is a perfect example when you continue to borrow from the future, which is what we're doing right now. so if you don't deal wi
soon move in boehner's direction, after another week or so of brinksmanship, we will see obama say, hey, look, i'm coming forward with entitlement cuts that i'm willing to propose publicly. chris: i got to check this. would you confirm that? you know these people. >> all of the components of the deal are there. when people ask me why did conditioning leave town? because the people who matter in the deal stayed in town. all the various members of congress could go home, it gets them out of...
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Dec 3, 2012
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we will be back in just a minute with this week's "face the nation" flashback. ,,,,,,,, >> schieffer: so after a bitter and long campaign, there they were in the oval office, mitt romney and barack obama, not the first time it's happened, and that is our "face the nation" flashback. >> good luck. >> schieffer: it's become traditional for presidential winners and loseiz to get together after the election. sometimes it goes well. sometimes it doesn't. when george bush beat al gore in the bitter campaign of 2000, oit going president clinton invited bush over for a two-hour session. but bush's meeting with al devoir, the man he beat, lasted only 15 minutes. brush said he had to get back to texas for a christmas party. when richard nixon beat hubert humphrey, there was a certain been there, done that, feeling when he invited humphrey of free to chat. >> i recall in 1960 after losing a very close election that president-elect kennedy could me when i was here in florida and history repeat itself. so i know exactly how you feel. >> thank you very much. >> schieffer: after beating bob dole in
we will be back in just a minute with this week's "face the nation" flashback. ,,,,,,,, >> schieffer: so after a bitter and long campaign, there they were in the oval office, mitt romney and barack obama, not the first time it's happened, and that is our "face the nation" flashback. >> good luck. >> schieffer: it's become traditional for presidential winners and loseiz to get together after the election. sometimes it goes well. sometimes it doesn't. when...
WHUT (Howard University Television)
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Dec 9, 2012
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this week we have heard many warnings against using them. it appears that some have been moved and the more worrisome concern is that some may have been mixed into a form that you could use for actually dropping them as a weapon. we do not know quite how urgent that problem is and there have been conflicting reports on that, but you have not heard president obama repeat the warning against using them. i think, in part, that is because they do not have a lot of leverage for getting in around those sites. they depend on circuits. surrogates. >> the think the u.s. is urging each of's leaders to delay a vote -- egypt's leaders to delay a vote? >> he put forward to the people of this constitutional change which would seem quite strong. the irony is that president obama, having contributed to pushing mubarak out, is now facing the same problem with dealing with the man himself, which is what do you do when you desperately need an allied who was useful during the conversations with the moss a few weeks ago, but who is advocating a fair bit -- advoc
this week we have heard many warnings against using them. it appears that some have been moved and the more worrisome concern is that some may have been mixed into a form that you could use for actually dropping them as a weapon. we do not know quite how urgent that problem is and there have been conflicting reports on that, but you have not heard president obama repeat the warning against using them. i think, in part, that is because they do not have a lot of leverage for getting in around...
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says the strike is costing the local economy billions of dollars per week. avoiding the fiscal cliff is coming down to taxes. president obama told bloomberg tv yesterday he is willing to be flexible, but there will be no deal unless republicans agree to raise income tax rates on the top 2% of wage earners in america. this week the gop offered a proposal that continues tax breaks for everyone while making cuts to medicare and social security. the president and democrats say the lack of a tax hike on the wealthy is leaving budget talks at an impasse. "60% of americans support asking millionaires to pay slightly more. many republicans feel the same way. the only ones who feel differently are the ones who work in this building. we can't let these negotiations be dictated by the tea party." "we've wasted an enormous amount of time here sparring back and forth in public, and it strikes me it's a good time to get serious about the proposals. traders are keying off market moves for clues about the economy. scott bauer of trading advantage joins us now. scott, what i
says the strike is costing the local economy billions of dollars per week. avoiding the fiscal cliff is coming down to taxes. president obama told bloomberg tv yesterday he is willing to be flexible, but there will be no deal unless republicans agree to raise income tax rates on the top 2% of wage earners in america. this week the gop offered a proposal that continues tax breaks for everyone while making cuts to medicare and social security. the president and democrats say the lack of a tax...
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joe biden shopping at costco last week. did some holiday shopping, and posts pictures with jim senegal and warren buffett's right hnd man and bill gates' dad on the board, too, and receive early dividends and ay less tabs. several reports say the demand for microsoft's surface tablet is so weak that they cut the orders from the asian manufacturer in half. i own microsoft stock. lauren, where is it now? >> 1% and stuart, i feel bad for you, microsoft was the second worst performer in the dow jones for the month of november and needs all of the gains today. and you know, if you've ever walked past time square, i know it's kind of right by where we work. that surface pop-up store from microsoft is always jam packed, i guess it's in a busy area and it's surprising to see they're cutting back on orders. stuart: next time i go in there if i do. i'll press for an early dividend payout of microsoft's 50 billion dollars in cash so some of us can benefit before the end of the year, but i'm not holding my breath on that. all right, la
joe biden shopping at costco last week. did some holiday shopping, and posts pictures with jim senegal and warren buffett's right hnd man and bill gates' dad on the board, too, and receive early dividends and ay less tabs. several reports say the demand for microsoft's surface tablet is so weak that they cut the orders from the asian manufacturer in half. i own microsoft stock. lauren, where is it now? >> 1% and stuart, i feel bad for you, microsoft was the second worst performer in the...
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Dec 6, 2012
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obama said yesterday that this could get done in about a week. i think he might be right. republicans see the writing on the wall when it comes to tax increases. what they're interested in now is making sure they get spending cuts to go along with the tax increases. when obama put his additional offer, he said $1.60 trillion in tax increases and we will delay the spending cuts until next year. that was the initial offer. republicans want to make sure that the spending cuts go up and become more immediate. considering that obama has been open to spending cuts in previous negotiations and says he is open to it now and republicans have changed from where they were a year ago when it comes to tax increases, i think it will not take too much to get their, although there are still obstacles. host: the $1.60 trillion and $800 billion are the opening numbers. where are we with those numbers now. have those numbers been altered? guest: i do not know if republicans have gone above $800. the question will be, will obama be able to get above $800. once you start talking about the $1 t
obama said yesterday that this could get done in about a week. i think he might be right. republicans see the writing on the wall when it comes to tax increases. what they're interested in now is making sure they get spending cuts to go along with the tax increases. when obama put his additional offer, he said $1.60 trillion in tax increases and we will delay the spending cuts until next year. that was the initial offer. republicans want to make sure that the spending cuts go up and become more...
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Dec 8, 2012
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this week, we have heard many warnings against using them. it appears some have been worried -- lived and the bigger concern was that some may have been mixed into the form you could use for actually dropping them as a weapon. we do not know how urgent that problem is. there have been conflicting reports. certainly you have not heard president obama repeat the warning against using them. i think that is because they do not have a lot of leverage for getting in those places. they have to depend on surrogates. >> if you think where they have more leverage, with egypt, are they urging leaders to delay a vote on this constitution? >> it would seem they are urging the president to rethink the kind of declarations he made. he has been saying to the west, this is temporary and then he puts a constitutional change which would seem to be strong. the irony is that president obama, having contributed to helping push mubarak out, is now facing the same problem that his predecessors felt in dealing with mubarak himself, what to do you do when you need an
this week, we have heard many warnings against using them. it appears some have been worried -- lived and the bigger concern was that some may have been mixed into the form you could use for actually dropping them as a weapon. we do not know how urgent that problem is. there have been conflicting reports. certainly you have not heard president obama repeat the warning against using them. i think that is because they do not have a lot of leverage for getting in those places. they have to depend...
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Dec 7, 2012
12/12
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the "wall street journal" says this breaks a new week long silence as that deadline looms. president obama and boehner spoke by phone on wednesday. they promised to renew the negotiations. several top executives have also weighed in on thursday. >> there's been some movement. everybody realizes there has to be a revenue component, spend component, entitlement reform component. >> patrick, where does it hang on now for you? clearly the president last decided there has to be tax rises for the wealthy. if the democratic side can come up with entitlement cuts, maybe we get a deal. >> i think this is pure political theater. this is a situation that was created 18 months ago in order for the politicians to get by the election. now they've done so. we still confront the same fiscal unsustainability here in the united states that's been evident to everybody for the the past five, six years. what we all recognize is we need more revenue, we needless spending, it's really a matter of a couple of adults getting in a room and figuring out how to resolve this temporary problem that they
the "wall street journal" says this breaks a new week long silence as that deadline looms. president obama and boehner spoke by phone on wednesday. they promised to renew the negotiations. several top executives have also weighed in on thursday. >> there's been some movement. everybody realizes there has to be a revenue component, spend component, entitlement reform component. >> patrick, where does it hang on now for you? clearly the president last decided there has to be...
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you had obama last week, you had the republicans counter that today. they're a mile apart -- david: michael, hold on a second. let me make sure that we get you straight here, because i think i might have misread your notes. you're not saying we're going to have a 4% contraction in the economy, you think a 4% pullout in the market? >> oh, absolutely not. no, i'm not making a call like that on the economy. i'm saying the market could back up that amount in a worst case scenario if it gets contentious in the next few weeks. but unlike the others, i do think they will come to an agreement. i do think right now you're seeing the negotiating process play out, and when you have this play out, the market that's already run up, i think we could go sideways and trade like we did today. today wasn't disastrous. volume was very light. yeah, we went out on the lows, we had some negative economic data points, and i think that's what we're in for until we get some clarity on what happens with the cliff. >> all right, charlie, folks have got to put their money to work
you had obama last week, you had the republicans counter that today. they're a mile apart -- david: michael, hold on a second. let me make sure that we get you straight here, because i think i might have misread your notes. you're not saying we're going to have a 4% contraction in the economy, you think a 4% pullout in the market? >> oh, absolutely not. no, i'm not making a call like that on the economy. i'm saying the market could back up that amount in a worst case scenario if it gets...
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fiscal cliff fiscal cliff fiscal cliff if you completely fell off the mainstream news clip this week here's what you might have missed can you hear me now no more reindeer games in washington president obama and house speaker john boehner finally on speaking terms but the question is are they speaking each other's language when it comes to the fiscal cliff falling off the fiscal cliff into freefall is there a soft landing or not would it be the end of the world if washington failed to reach a deal to stop the more than half a billion dollars in spending cuts and tax increases from going into effect my next guest says the fiscal cliff is simply y2k fair all over again which amounted to nothing as i recall i agree we're not going to go over the cliff will hug him you know new year's eve he will be out of the work. so basically lots of speculation and very little substance but i can't say i'm not surprised particular day when i look at the recent rhetoric from this do nothing congress take us for example armed services committee just describe the looming defense cuts as quote an unaccep
fiscal cliff fiscal cliff fiscal cliff if you completely fell off the mainstream news clip this week here's what you might have missed can you hear me now no more reindeer games in washington president obama and house speaker john boehner finally on speaking terms but the question is are they speaking each other's language when it comes to the fiscal cliff falling off the fiscal cliff into freefall is there a soft landing or not would it be the end of the world if washington failed to reach a...
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Dec 7, 2012
12/12
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it follows a nearly week-long silence. wednesday, the presdient and congressman boenher spoke by phone. on thursday, the president said he was optimistic a deal would get done as he sat down with a middle-class family in virginia to promote his tax plan new jersey governor chris christie is making a pitch to washington for more funds to cover the cost of hurricane sandy. christie is seeking $83 billion in extra disaster aid from the government. he's making the plea on behalf of his home state of new jersey, as well as for new york and connecticut. christie met with president obama at the white house first, then with house speaker john boehner at the capital. at a senate hearing thursday, senator charles schumer of new york presented his case for rebuilding the storm zone. "new york has no choice, we have to adapt. new york and new jersey are a waterfront region in the path of violent new weather realities." president obama meanwhile is seeking $50 billion from congress for emergency aid for 11 states with storm damage. the
it follows a nearly week-long silence. wednesday, the presdient and congressman boenher spoke by phone. on thursday, the president said he was optimistic a deal would get done as he sat down with a middle-class family in virginia to promote his tax plan new jersey governor chris christie is making a pitch to washington for more funds to cover the cost of hurricane sandy. christie is seeking $83 billion in extra disaster aid from the government. he's making the plea on behalf of his home state...
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Dec 7, 2012
12/12
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house speaker john boehner is taking it from all directions this week. president obama and democrats are ripping him for resisting tax hikes on the rich. boehner's own party is giving him a hard time for not resisting hard enough. chief political correspondent carl cam has a deeper look at -- carl cameron has a deeper look at that story. >> john boehner is trying to stave off conservative rebellion in the ranks. his proposal to steer clear of the fiscal cliff raising tax revenue $800 billion closing the loopholes outraged antitax conservatives. when the speaker removed the conserve priv key committees in the past, the battle began. >> $800 billion over ten years and that looks like it would be a tax increase to me. 238 republicans, myself included, took a pledge not to raise taxes. they want to send a message to me to send a message to others. that we are not going to tolerate people who are interested in doing what is right. we want to play the same old game. if you try to disrupt that, we will knock you off a committee. >> for refusing to tow the leade
house speaker john boehner is taking it from all directions this week. president obama and democrats are ripping him for resisting tax hikes on the rich. boehner's own party is giving him a hard time for not resisting hard enough. chief political correspondent carl cam has a deeper look at -- carl cameron has a deeper look at that story. >> john boehner is trying to stave off conservative rebellion in the ranks. his proposal to steer clear of the fiscal cliff raising tax revenue $800...
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Dec 10, 2012
12/12
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still another reason to buy this company that is at its 52-week high. >> president obama hits the road to secure his position on the fiscal cliff. but why ral-- this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> i just want to be sure
still another reason to buy this company that is at its 52-week high. >> president obama hits the road to secure his position on the fiscal cliff. but why ral-- this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. can i still ship a...
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Dec 8, 2012
12/12
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president obama's offer to avoid the fiscal cliff was laughed at by republicans last week. this week the gop counter offered. theirs, extend tax cuts to the everyone including the rich. $2.2 million in areas from closing loopholes and deductions, savings on health care and cuts in discretionary spending. other than that, no specifics. president obama said the gop must agree to one thing to get anywhere close to a deal. >> we have to see the rates on the top 2% go up. we're not going to get a deal without it. >> speaker boehner fired back. >> this week we made a good faith offer to avert the fiscal crisis. now we need a response from the white house. we can't negotiate with ourselves. >> here we are just weeks away from going over the fiscal cliff. you probably wonder what's going on in these houses in washington. they put themselves and their political gains first and put their future in prosperity second. hey, you voted them in. remember what happened the last time washington got into a budget battle like this? lawmakers put a band aid on the problem and the u.s. lost its
president obama's offer to avoid the fiscal cliff was laughed at by republicans last week. this week the gop counter offered. theirs, extend tax cuts to the everyone including the rich. $2.2 million in areas from closing loopholes and deductions, savings on health care and cuts in discretionary spending. other than that, no specifics. president obama said the gop must agree to one thing to get anywhere close to a deal. >> we have to see the rates on the top 2% go up. we're not going to...
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Dec 6, 2012
12/12
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. >>> this week, we made a good faith offer to avert the fiscal crisis. now we need a response from the white house. we can't sit here and negotiate with ourselves. >> that is president obama and the democrats to save you for being higher taxes. >> this fiscal cliff thing, the problem with the republicans larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that the public in america believe that the reason that president obama is going to win the debate that if he goes over, that they are going to save the backsides of the wealthy 2% of americans. i probably shouldn't but i do. >> with which i agree but i think the risk here for the gop is that they become the party of rich people. and i think you saw that in the election. i don't think that is their intent. i think their intent is quite sound. >> they are becoming the party of rich white older men. you can't think of any other section of the community right now thinking the republican party is for me. >> i think that is why the politics of this make i
. >>> this week, we made a good faith offer to avert the fiscal crisis. now we need a response from the white house. we can't sit here and negotiate with ourselves. >> that is president obama and the democrats to save you for being higher taxes. >> this fiscal cliff thing, the problem with the republicans larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that the public in america believe that the reason that president...
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Dec 10, 2012
12/12
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weeks of gains. last week, we gained about 130 points. the traders that i have talked to, continue to say the trend remains to the upside. back to you. connell: thank you. dagen: president obama pushing his plan for dealing with the fiscal cliff in detroit. connell: peter barnes is in d.c. with the very latest on all of this. peter: neither side is dishing on the meeting yesterday afternoon. both sides issuing identical statement that said "the lines of communication remain open." the best strategy for republicans may be to swallow some higher tax rates, get that issue off the table and then come back to entitlement reform early next year when the president asks for an increase in the debt ceiling. then republicans will have a little more leverage. >> a lot of people are putting forth a theory. i think it has merit. you give the president the 2% increase that he is talking about. there is a growing body. i believe that maybe the best route for us to take. peter: this afternoon, the president will speak in detroit. he will be speaking at a
weeks of gains. last week, we gained about 130 points. the traders that i have talked to, continue to say the trend remains to the upside. back to you. connell: thank you. dagen: president obama pushing his plan for dealing with the fiscal cliff in detroit. connell: peter barnes is in d.c. with the very latest on all of this. peter: neither side is dishing on the meeting yesterday afternoon. both sides issuing identical statement that said "the lines of communication remain open." the...
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Dec 10, 2012
12/12
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KRON
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. >> three weeks until the fiscal cliff and president obama and house speaker john banner and at a private meeting at the white house yesterday to discuss the deal. the president and the speaker refuses think about the details of the meeting and some republicans are now putting increased pressure on party leaders to rethink opposition to tax hikes on the wealthy of taking get entitlements cuts in return. many house republicans refused report tax hikes under any circumstances. democrats of is rushing through entitlement reforms you for the end of the year. >> watching some stalls, several on the bay bridge we will have more on weather and traffic coming up. >> the opening bell on wall street is about 20 minutes away. looming fiscal crisis on the market today. we did better than we did expect it from mcdonald's this morning. rob black will be coming up at 645. the dow futures point to a lower opening this morning. >> men and women have equal footing in the nation's economic recovery according to the latest numbers from the labor department. the biggest numbers for men have been for vessel jo
. >> three weeks until the fiscal cliff and president obama and house speaker john banner and at a private meeting at the white house yesterday to discuss the deal. the president and the speaker refuses think about the details of the meeting and some republicans are now putting increased pressure on party leaders to rethink opposition to tax hikes on the wealthy of taking get entitlements cuts in return. many house republicans refused report tax hikes under any circumstances. democrats of...